Aviation Transaction Specialists

A focused advisory firm for significant aviation transactions.

Griffin Towers advises on significant aviation transactions and select strategic assignments where valuation, structure and execution shape the outcome. The practice is intentionally focused, with senior principals directly involved throughout.

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$500M+
Senior-team transaction experience
Focused practice
A limited number of active engagements
Principal-led
Senior involvement throughout

Selected engagements

Artistic image — ramp at dusk
Sell-Side Representation

Monaco Air

Duluth International · on behalf of ownership
The assignment
Independent valuation and a confidential sale process for long-held ownership receiving unsolicited approaches.
The work
Normalized earnings, built a defensible range of value, and ran a confidential competitive process.
The outcome
Closed on terms set by competition among qualified buyers rather than by the first approach received.

Sell-side representation

A competitive process, run confidentially, on a defined schedule.

An owner approached directly by a consolidator is negotiating without a market. We establish value independently, then run a confidential process among a curated group of qualified buyers under NDA — so terms are set by competition rather than by a single bidder.

Negotiation covers the complete economics of the transaction, and we remain engaged through diligence, consents and documentation, where agreed value is most often tested.

Engagement 5–7 months Close · Funded
Phase 1

Preparation & Positioning

Financial normalization, EBITDA adjustments, valuation and data room.

Phase 2

Market Outreach

CIM released under NDA, qualified buyers approached, indications assessed.

Phase 3

Presentations & Bidding

Site visits, diligence Q&A, letters of intent received and terms negotiated.

Phase 4

Diligence & Close

Quality of earnings, Phase I, sponsor consent, purchase agreement, funded.

6–8Qualified buyers 3–4Letters of intent 1At close
Engagement to closing · 5–7 months

Valuations

Valuations built to hold up in diligence.

Sophisticated buyers underwrite an FBO by its individual economics — fuel, hangar, leasehold and service lines — together with the remaining term and structure of the ground lease. We approach valuation on the same basis, then reconcile the analysis against current transaction evidence.

An appraisal answers a narrow question for a lender. A range of value is built for negotiation — it shows what the business is worth to different buyers, and why, before anything goes to market.

1

Normalize the economics

Reconstruct historical performance and separate recurring earnings from owner-specific, non-recurring and discretionary items.

2

Value the underlying streams

Assess fuel, hangar, lease and service economics on their individual characteristics rather than a single blended multiple.

3

Reconcile to the market

Test the analysis against relevant transaction evidence and arrive at a supportable, defensible range of value.

Illustrative range of value
$18.5–23.5M
How the range is triangulated
Market multiple
Sum-of-the-parts
Reconciled range

Buy-side representation

Acquiring on evidence, not assumption.

We help acquirers determine what a target is worth, where the value is supported and where assumptions are doing too much of the work. Our role spans strategic assessment, valuation, offer construction, negotiation and transaction execution.

Strategic fit. Assess the opportunity within the buyer’s broader operating, investment and aviation objectives.
Valuation. Establish a supportable view of value using normalized economics, market evidence and scenario analysis.
Negotiation. Develop the offer strategy and negotiate price, structure and principal business terms from an informed position.
Diligence & closing. Evaluate material findings as they emerge and carry the commercial analysis through documentation and closing.
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Capabilities

Airport & Development Advisory

We advise on airport land, FBO facilities and hangar development where demand, lease economics and capital requirements must align before significant investment is committed.

Our work includes development strategy, feasibility, airport RFPs and long-term planning for aviation assets and leaseholds.

Explore development advisory

Capital Advisory

We arrange debt for aviation acquisitions and development projects, building the financing case around the economics lenders actually underwrite — operating performance, leasehold structure, collateral and cash flow.

We work with institutions that understand aviation assets and the businesses built around them.

Explore capital advisory

The firm

Senior principals, involved throughout.

Griffin Towers is an independent advisory firm focused on aviation transactions and select strategic assignments.

The practice is intentionally focused. Engagements are led directly by senior principals from initial analysis and valuation through negotiation, diligence and execution.

We favor preparation, discretion and disciplined judgment over transaction volume.

Firm overview

A private overview of the firm, representative experience and selected capabilities is available upon request.

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How we work
Direct involvement
Senior advisors remain engaged throughout the assignment.
Evidence before position
Valuation and strategy begin with the underlying economics.
Discretion by default
Information, outreach and counterpart communication are controlled throughout.
Direct
+1 720 460 1285
2040 Balsam Drive
Boulder, Colorado 80304

Contact

Engage us

Begin a confidential conversation.

If you are considering a sale, acquisition, valuation or strategic aviation assignment, tell us what you are working through.

Initial conversations are confidential and handled directly by the firm.

By telephone
+1 720 460 1285
Office
2040 Balsam Drive
Boulder, Colorado 80304

Your inquiry is treated as confidential and reviewed directly by the firm.